每日市场点评 - Oct 22, 2007

The market has a nice rally entering the close. Given what happened in the G-7 meeting over the weekend and worldwide sale of stocks overnight, it is truly an amazing day for investors. The G-7 meeting essentially gave green light to weak dollar and in fact, the dollar hit another record low when the markets were opened in Asia. But after Dow dropping 5 days in a row during the past week, some investors came back to do some bottom fishing and reversed the early selling. However, it is still too early to tell whether the rally is real as the volume is not particularly heavy. US dollar moved higher against several major currencies while both Oil and Gold were pulling back. With the Fed\'s decision coming next Tuesday, it is a safe bet that we are going to see some volatile days like today in the next few sessions.